It's misleading to post statements based on A$ 57 cash costs. Arrium current cash costs are A$ 71. They are targetting to get it down to A$ 57 in 2016 along with a $200 million Capex reduction. This is not a given nor do the numbers work that mothballing Southern Iron would drop the cash costs alone. They need to somehow sweat the existing operations, which is frankly something they have talked about for many years and is no way a given.
Consumables is a great business but I do fear that point won't be missed by Chinese steel producers looking for new markets for their glut of steel.
- Forums
- ASX - By Stock
- Not bad News,But Price Gone down,Why?
ARI
arika resources limited
Add to My Watchlist
0.00%
!
3.7¢

It's misleading to post statements based on A$ 57 cash costs....
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
3.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $28.96M |
Open | High | Low | Value | Volume |
3.6¢ | 3.7¢ | 3.6¢ | $20.86K | 565.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 249314 | 3.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.8¢ | 161297 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 249314 | 0.036 |
2 | 2600000 | 0.035 |
3 | 531911 | 0.034 |
4 | 1828212 | 0.033 |
6 | 848986 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.038 | 161297 | 1 |
0.040 | 500000 | 2 |
0.041 | 319750 | 2 |
0.042 | 356348 | 4 |
0.043 | 1022683 | 3 |
Last trade - 15.35pm 08/07/2025 (20 minute delay) ? |
Featured News
ARI (ASX) Chart |